Sebi asks IHH Healthcare to proceed with open offer for Fortis after Delhi HC permission

Sebi on Thursday advised Malaysia’s IHH Healthcare to go ahead with its open offer to acquire 26.1 per cent market share in Fortis Healthcare after obtaining order from the Delhi High Court, the company stated. In November 2018, IHH Healthcare had acquired 31.17 per cent stake in Fortis by infusing fresh capital of Rs 4,000 crore.

(With inputs from health)

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